(TSX: NFI, OTC: NFYEF, TSX: NFI.DB) NFI Group Inc.
(“NFI”), a leading independent bus and coach manufacturer and a
leader in electric mass mobility solutions, today announced that
its subsidiary New Flyer of America Inc. (“New Flyer”) has received
a new contract from San Mateo County Transit (“SamTrans”) for 10
next generation, battery-electric Xcelsior CHARGE
NG™ forty-foot heavy-duty transit buses. The order includes 20
ABB 150kWh plug-in chargers, project coordination, and
commissioning by NFI Infrastructure Solutions™ to support the
zero-emission bus (“ZEB”) deployment in San Mateo County. This
order was included in NFI’s 2022 Q2 backlog.
SamTrans provides transportation services in San
Mateo County and parts of San Francisco and Palo Alto, California,
delivering nearly nine million bus rides annually on 70 bus
routes.
Supported by Federal Transit Administration
(“FTA”) funds, the order follows SamTrans’ 2021 purchase of seven
Xcelsior CHARGE NG™ forty-foot buses and propels the agency’s
Sustainability Policy. The purchase also advances fulfillment of
the California Air Resources Board’s (“CARB”) Innovative Clean
Transit (“ICT”) regulation, requiring agencies to transition bus
fleets to 100% zero-emission by 2040.
“SamTrans is one of ten California agencies to
rely on our advanced battery-electric bus and infrastructure
solutions to enable the transition to zero emission at scale,” said
Chris Stoddart, President, North American Bus and Coach, NFI.
“Since 1980, NFI has delivered 263 buses to SamTrans, providing
safe and efficient transportation in the region. Today, the agency
expands its fleet of Xcelsior CHARGE NG buses, which deliver
immediate greenhouse gas reduction, extended range, and enhanced
energy recovery.”
Introduced in 2021, the Xcelsior CHARGE
NG™ bus incorporates three distinct technology advancements,
including high-energy batteries that extend range up to 13%,
advanced protective battery packaging for easy install and simpler
serviceability, and a new lightweight electric traction drive
system with up to 90% energy recovery. For more information,
visit newflyer.com/ng.
New Flyer’s zero-emission deployments are
supported by NFI Infrastructure Solutions™, providing safe and
reliable infrastructure services for smart, sustainable mobility
projects with over 280 chargers installed to date. For more
information, visit nfigroup.com/IS.
NFI is a leader in zero-emission mobility, with
electric vehicles operating (or on order) in more than 110 cities
in six countries. NFI offers the widest range of zero-emission
battery- and fuel cell-electric buses and coaches, and its vehicles
have completed over 70 million EV service miles. Today, NFI
supports growing North American cities with scalable, clean, and
sustainable mobility solutions through a four-pillar approach that
includes buses and coaches, technology, infrastructure, and
workforce development. NFI also operates the Vehicle
Innovation Center (“VIC”), the first and only innovation lab
of its kind dedicated to advancing bus and coach technology and
providing workforce development. Since opening in late 2017, the
VIC has hosted over 300 interactive events, welcoming 5,000
industry professionals for EV and infrastructure training.
About NFI
Leveraging 450 years of combined experience, NFI
is leading the electrification of mass mobility around the world.
With zero-emission buses and coaches, infrastructure, and
technology, NFI meets today’s urban demands for scalable smart
mobility solutions. Together, NFI is enabling more livable cities
through connected, clean, and sustainable transportation.
With 7,500 team members in nine countries, NFI
is a leading global bus manufacturer of mass mobility solutions
under the brands New Flyer® (heavy-duty transit buses),
MCI® (motor coaches), Alexander Dennis Limited (single and
double-deck buses), Plaxton (motor coaches), ARBOC® (low-floor
cutaway and medium-duty buses), and NFI Parts™. NFI currently
offers the widest range of sustainable drive systems available,
including zero-emission electric (trolley, battery, and fuel cell),
natural gas, electric hybrid, and clean diesel. In total, NFI
supports its installed base of over 105,000 buses and coaches
around the world. NFI’s common shares trade on the Toronto Stock
Exchange (“TSX”) under the symbol NFI and its convertible unsecured
debentures trade on the TSX under the symbol NFI.DB. News and
information is available at www.nfigroup.com, www.newflyer.com,
www.mcicoach.com, www.nfi.parts, www.alexander-dennis.com,
www.arbocsv.com, and www.carfaircomposites.com.
About New Flyer
New Flyer is North America’s heavy-duty transit
bus leader and offers the most advanced product line under the
Xcelsior® and Xcelsior CHARGE® brands. It also offers
infrastructure development through NFI Infrastructure Solutions™, a
service dedicated to providing safe, sustainable, and reliable
charging and mobility solutions. New Flyer actively supports over
35,000 heavy-duty transit buses (New Flyer, NABI, and Orion)
currently in service, of which 8,600 are powered by electric motors
and battery propulsion and 1,900 are zero-emission. Further
information is available at www.newflyer.com.
Forward-Looking Statement
This press release may contain forward-looking
statements relating to expected future events and financial and
operating results of NFI Group that involve risks and
uncertainties. Although the forward-looking statements contained in
this press release are based upon what management believes to be
reasonable assumptions, investors cannot be assured that actual
results will be consistent with these forward-looking statements,
and the differences may be material. Actual results may differ
materially from management expectations as projected in such
forward-looking statements for a variety of reasons, including
market and general economic conditions and economic conditions of
and funding availability for customers to purchase buses and to
purchase parts or services; customers may not exercise options to
purchase additional buses; the ability of customers to suspend or
terminate contracts for convenience; production may be delayed or
production rates may be decreased as a result of the pandemic or
ongoing and future supply chain disruptions and shortages of parts
and components, shipping and freight delays, and disruption to
labor supply; and the other risks and uncertainties discussed in
the materials filed with the Canadian securities regulatory
authorities and available on SEDAR at www.sedar.com.
Due to the potential impact of these factors,
the NFI Group disclaims any intention or obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise, unless required by
applicable law.
For media inquiries, please contact:Melanie
McCreathMelanie.McCreath@nfigroup.com
For investor inquiries, please contact:Stephen
KingP: 204.224.6382Stephen.King@nfigroup.com
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